Attention builders, prospective buyers, homeowners, and managers,
Please review the following information update for Jordanelle Ridge Master Association.
The HOA has published the following documents that are meant to assist builders and their prospective homeowners to navigate this new HOA:
2023 JRMA Resale Disclosure Sheet
2023 JRMA Welcome Letter
2023 JRMA Master Budget
2023 JRMA “Service Area 1” Budget
Also, here is some additional information that is somewhat redundant with the attachments, but it’s what I’ve been sending out to folks:
Jordanelle Ridge Master Association (the “Master” HOA)
There is one single HOA for the entire development. We call this the Master HOA because the development is large and has multiple levels to it. The development is called Jordanelle Ridge. The HOA is called Jordanelle Ridge Master HOA. There are three primary assessments that are charged to every unit at the Master level:
The Master Common Assessment. The Master Common Assessment covers the primary administrative and maintenance costs of the Association on the Master level. All units in the Association pay this fee every month.
The Master Roads Assessment. The Master Association owns and maintains a network of private roads that connect the various neighborhoods in the Association. This separate Master Roads Assessment has been created to fund the maintenance and reserves of these private roads. These assessments are applied to all units, but the key thing to know is that they are applied based on a classification system that is based on lot size so that smaller lots with less impact on the roads pay a little less into the Roads fund. There are three classifications, Class 1, Class 2, and Class 3. Class 1 are the townhome and condo lots, Class 2 are single family homes less than one third acre, and Class 3 are single family homes greater than one third acre. All units in the Association pay this fee every month.
The Master Reinvestment Fee Assessment. The Master Reinvestment Fee is due at the closing of each sale, typically paid by buyer. The amount of the Master Reinvestment Fee Assessment is equal to one quarter of one percent of the sale price of the home, not to exceed $5,000.
Service Areas
There will be no Neighborhood HOAs or Sub Associations for individual neighborhoods. Each neighborhood will be set up as a “Service Area”. A Service Area is similar to a Neighborhood HOA in that it has a similar level of exclusivity, Service Areas have their own rules, budgets, assessments, bank accounts, amenities, etc., but they are not independent associations with their own Boards. The first townhome subdivision under construction by Lennar (the Pod 20 Townhomes) is designated as a Service Area called Service Area 1. It’s important to understand that owners in Service Areas pay assessments to the Service Area in addition to the Master Assessments which everyone pays.
There are two primary assessments that are charged to units assigned to Service Areas:
The Service Area Common Assessment. The Service Area Common Assessment covers the primary administrative and maintenance costs of the Association at the Service Area level. All units assigned to a particular Service Area pay the corresponding Service Area Common Assessment every month.
The Service Area Reinvestment Fee Assessment. For any units assigned to a Service Area, the Service Area Reinvestment Fee Assessment is due at the closing of each sale, typically paid by buyer. The amount of the Service Area Reinvestment Fee Assessment is equal to one quarter of one percent of the sale price of the home, not to exceed $5,000.
*The Service Area Common Assessment and Reinvestment Fee Assessment is paid IN ADDITION TO the Master Assessments, so to calculate the total homeowner assessments, you must add the Master Common Assessment, the Master Roads Assessment (based on what class they are in), and the Service Area Common Assessments together.
*Homeowners will receive a single bill every month that will itemize all Master Assessments and Service Area Assessments (if applicable).
*Builders which own vacant lots will also receive a single bill every month for any vacant lots. They will pay a vacant lot fee that is a portion of the Master Common Assessment and Master Roads Assessment.
Management
Jordanelle Ridge Master Association has a developer Board made up of people from the development companies. Builders are not on the board of the Master HOA, but have committee recommendation making powers in the Service Areas they are building. The Association has a General Manager, Logan Watson with Community Dynamics. There are other management entities and professionals that play specific roles in the Association. Community Financials does the accounting for the Association on the Master level (they are on the back-end and have no direct communication with homeowners). Community Solutions is assigned to manage the Service Areas, but is not involved on the Master Association level.
Master HOA Communication
General homeowner communications including Master HOA issues, billing, and resales should be directed to the public facing website, email, and phone number we have set up for the Association.
Email: HOAmanager@JRMHOA.com
Website: www.JRMHOA.com
Phone: 801-316-3217
Mailing: PO Box 708400, Sandy, UT 84070-8400
Service Area Communication
Communication channels for Service Area issues will be directed to Community Solutions.
Community Solutions and Sales
Stephanie Hunsaker
shunsaker@csshoa.com
801-955-5126
www.csshoa.com
Direct Communication with Managers
Builders, managers, and other professionals can communicate with our direct corporate emails.
Logan Watson – logan@communitydynamics.com
Erin Keyes – support@communitydynamics.com
Call/Text – (801) 923-2340
Thanks,
Logan Watson, AMS, CMCA
General Manager
Jordanelle Ridge Master Association